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actually a friend of the system and the economy. take a listen to this one. >> i think jpmorgan was a -- was not just a fair weather friend. we were there in good times and bad times for everybody, including nations. for spain and italy we will tell you -- we were lending $15 billion net of collateral. net derivatives, spain and italy. yes, it's governments and multi- nationals if you want to be transparent. what would you do? what would you all do? if you were my board of directors, it's easy to say don't take the risk. move out. we've been in spain and italy, one for 60 years, wur finish over 100 -- one for over 100. we're not a fair weather friend. companies want us there. we have to manage that risk. something may go wrong. >> got to tell you guys, the feedback after that panel was actually not good. a lot of people criticizing jamie just in the hallways. obviously a lot of people happy to see him defending the bank. a lot of bankers here. the mood, nature of where we are. there was some criticism. the other big news, by the way, not happening in davos -- yeah? >> i was goin
on the dow today was the drop in jobless claims. while that is good news, markets and the economy have another big headache. it's called washington. with me now, harvard economist jeffrey myron. good to see you. as always, let's start with these weekly jobless claims. it's getting some attention, some bus. they were down 5,000 to 330,000. that is the lowest level in, i believe, two years. pretty impressive. is this a trend? >> at think it probably is. i think we will see gradual and continual improvement in the jobless numbers. it will gradually see some improvement in the unemployment rate. and don't think it's going to be really fast. of the car going to see overall growth in gdp really speed up. everything seems to suggest we will muddle along. we have had for the last three years of so. better than recession, but not nearly as fast as we have normally expected. gerri: well, as part of it due to washington because they cannot seem to solve any of the problems in front of them, whether it is sequestration on the debt ceiling? >> i certainly think that washington policies play a big r
is the economy is getting better. the equity markets have improved. standard & poor's 500 was up. the s&p 500 was up 13%, 14%, up 4% year to date. >> right. >> the economy is starting to show good signs. as long as we don't have it derailed in washington. >> i was just going to ask. >> i think things could get better. >> could washington still screw this up? >> absolutely. i don't think it takes much to have another debt ceiling debate and debacle would not be helpful here. i think there's so much minon the sidelines between the retail investor and the corporate america today, has so much money to invest. get rid of some of that uncertainty and this economy will go. i'm quite bullish about that. >> can you provide guidance for this year without knowing exactly what washington is going to come up with? >> we gave a range. we don't give guidance. we give a range on a conservative side and optimistic side. we're right inside that range. had a great start to the year. we're ahead of consensus. we her record asset gathering and record guidance sales and great control. had a great start. >> had a g
've not destroyed the world's economy for over four years. the attacks keep coming. hsbc targeted bay justice department witch hunt over a few minor infractions. >> hsbc admitted today that it covered up illegal transactions for burma, iran, sudan, cuba and libya. those nations were under banking sanctions because of human rights atrocities, terrorism or in iran's case, a nuclear program. >> stephen: big deal. [ laughter ] it's not like hsbc was the one enriching plutonium, they were just enriching themselves. there's just one other thing. >> it laundered more than $800 million for mexican drug cartels. >> hundreds of thousands of u.s. dollars daily deposited to hsbc mexico using boxes specially made to fit through tellers windows to speed transactions. >> stephen: okay, but how was hsbc supposed to know the big specially made boxes the cartels were dropping off were full of drug money? they could have just as easily been filled with human heads. [ laughter ] turns out it was drug money and once they were caught, hsbc was slammed with a $1.9 billion fine. $1.9 billion dollars. do you have any
. we are going to take the greatest economy in the greatest country, with the greatest responsibility in the world and we are going to put them on a 0-day leash. . how does a great country respond on a 90-day leash? we know what happened the world saw this happened. we got downgraded in the credit rating. that drove up the cost of borrowing in the united states. that drove up the borrowing cost of corporations. that drove up the costs of counties and cities that we represent. and we're told again that should we falter on the credit debt of the united states, that we can expect a downgrade and we can expect a further downgrade in cities and counties all over the country. and somehow we're supposed to believe this is a good plan. what this plan does -- can i have three additional minutes? mr. mcgovern: i yield the gentleman two additional minutes. the speaker pro tempore: the gentleman is recognized for two minutes. mr. miller: what this plan does is hold the jobs of american families and working people all across this had country, it holds them hostage. it holds them hostage to the pa
with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares re, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. lori: all right. back to business in washington now republicans hold a big vote to whether or not to extend the debt limit until may. if congress doesn't pass a budget by april 15th they no longer get paid! i have no problem with that. our panel is here with their take on the strategy. we have our favorite economist, peter morici. the always amazing scott martin, chief market strategist with united advisors and former democratic congressman
have a spirit of innovation here in washington that haswe are not done. [applause] a new world economy is emerging from the depths of this recession, and while its contours and relationships are not fully understood to us, we do know two things, one. with our uniquely powerful fusion of values and talents, washington state has the potential to lead the next wave of world-changing innovations. two. the world will not wait for us. global competition for the jobs of tomorrow. leading this next wave of growth entitlement. we must move, swiftly and boldly, to put this recession behind us, and bring forward a unique economic strategy that much." today, i'd like to share my vision of the path ahead. i know that to achieve this vision we must all work together. democrat and republican, house and senate, east and west, to answer the challenges of our age. i have represented both sides of our state, first as a state representative from yakima valley, then in congress representing both eastern and western washington. i want to thank the people of washington for electing me your governor. [applaus
in 2014. the moves do follow heavy pressure from shinzo abe despite reflation and a flagging economy. but the yen actually settled higher with some economists. look at that. that is suggesting they ended up almost 1.2% above the dollar. there's questions whether the 2% dollar stated can be achieved. now there's plenty more on the boj's inflation packed with the government live. hi. >> hi, kelly. the bank of japan and the government issued a joint statement that set a 2% inflation target today replacing its current 1% price. from japan's monetary policy has shifted into unexplored territory. the boj agreed to try and hit the 2% target as quickly as possible rather than over the medium to long-term. but the target will probably be difficult to meet. forecasts released by the bank showed that the consumer price index will rise to just 0.9% in the fiscal year starting in 2014. boj officials said that the 2% target will be possible if the country's growth potential is improved by further government reform. the joint statement is binding for both the government and the boj calling on both
to a better economy. keys to your house, a new house hopefully. connell: let's talk about the markets. nicole petallides starts us off as she does each day with stocks now. nicole: taking a look at a market that really has shown strength over the last seven of the past nine weeks. the dow trading as high as 13,682 prior to pulling back here into negative territory. we are seeing multi- year highs. while they see the trend to the upside, they rally to resist it levels. i wanted to take a look. it was lower in the free market. the cfo, chief financial officer, gave an outlook for 2013. it is now trading higher on this conference call. their wireless margins took a jump. a good outlook. back to you. dagen: thank you. congress is heading back to work just one day after president asked both parties to come together and stand behind his visions. connell: house republicans may be less than willing to join him. rich: so is the bipartisan goodwill. the effects of the inauguration starting to disappear a bit from washington. some tourists remaining in town. we expect them to drop the same lines we have
of characteristics that will help build the american economy and strengthen american families. third, we create an effective employment verification system that will prevent identity theft and end the future hires of unauthorized workers and lastly establish an improved process for admitting future workers to serve our workforce needs while simultaneously protecting all workers. other bipartisan groups of senators have stood in the same spot before trumpeting similar proposals but we believe this will be the year congress finally gets it done. the politics on this issue have been turned upside down. for the first time ever, there's more political risk in opposing immigration reform than in supporting it. we believe we have a window of opportunity to act. but we will only succeed if the effort is bipartisan. by their presence today, my republican colleagues are making a significant statement about the need to fix our broken immigration system. we democrats are equally serious. we do not want immigration as a wedge issue. much rather we want a bipartisan bill that solves the problem and becomes l
the country faces which is getting our economy going. >> sean: i like what our colleague charles krauthammer said it's an ode to big government and you pointed out in the list, gun control, gay marriage, global warming, he not only wants to lock in every liberal agenda item, but advance it further. will he be successful? second term are notoriously not successful. >> let's add global climate warming on her, climate change. we've already passed this through the congress. it's done. is congress going to pass it? is congress going to tell the states, no, you can't put that past voter i.d. laws? only in it's bipartisan doesn't require amnesty and citizenship. gun control passed, no. i think the president was basically declaring his administration is no longer substantive achievement. it's make the democratic party and making the republicans look more extreme. taking their strength to pass positive items that pile up over in the senate never to be really considered, but give them an agenda, a view that says to the american people he's over there worried about gun control. we're worried about gett
that's bullish for the economy. >> if you look at some of the trucking names. normally take out the airlines. the airlines have done quite well if they reduced capacity although if you look at some of the reports i think it was u.s. air, but i believe they said that some of their seats were down a bit even though they cut capacity. that was a little bit of a warning sign. even on trucking side it was okay. but now as a trader and investing in the market you have to hook six months ahead. what will happen coming down. we know everything is done well. we know they are up 7%. what's the next move. that's where you get concern. >> we look at the leading indicators. pmi from china, europe, u.s. today the leading indicators in that sentiment indicator is telling us we're not done. we could bleed higher in terms of economic sentiment and economic activity and the new orders component the global pmi looks like it will print above 50 in january for the first time in eight months. >> i'm sure there's a stock market correction. >> when? >> the stock market among other things including what
and taxes even more, whether it is cap and trade, regulating our economy and raising the costs for every american, they are feeling emboldened right now. and if conservatives stand together, we can stop that, and stopping bad things that would harm this country, that would harm americans, is a major victory for the next two years. [applause] but the third thing we can do in the short term is we can use leverage points to plaque real progress on the fiscal and economic crisis threatening this country. the fundamental dynamic when you have divided government is that whichever side owns the default is in the stronger position. either party can stop anything. so whoever wins if nothing gets done, wins the negotiation, wins the battle. it's why on fiscal cliff we got such a lousy deal. because if nothing happened, the result was a massive tax increase on er american who pays taxes, and i think president obama was perfectly fine, he was serene to go off that cliff. why? because his substantive agenda, which he doesn't hide from, is to dramatically expand the size and power of government, and t
, in immigration reform and, above all, in what we have to do to invest to grow our economy and grow opportunity. >> pelley: you know, i don't think gun safety would have been at the top of the president's agenda two months ago but after newtown, of course, it has become -- >> it's impossible to turn away from it now. it's impossible. >> pelley: which leads to the question: what do you expect to see from the president in terms of resolve on this as we get farther from the tragedy itself? >> well, i think you saw in the president's announcement, i think it was last week after the vice president's series of recommendations, what the contours of his proposal will be in terms of an assault weapons ban, a limitation on access to military style clips with multiple rounds in them. i think he's shown consistently a willingness to reach out to gun owners, sports men and women and hunters to make sure their interests are respected, consistent not just with the second amendment but consistent with their reasonable interests. but i think the idea of insisting that we do what we can as a federal and as state
shape since the recession. given leeway to cushion the u.s. economy from federal budget cuts. here are some other stories in the news. this is from "the national council of state legislatures," which runs up what lawmakers are facing as they enter their session throughout the country. it says, -- it also looks at corrections costs. helping america become more energy dependent. and paying for transportation structure, roads, bridges, things like that. also, educating the workforce. let us take a listen to one of the governor's and what he had the say during this state of the state address. this is the governor of new york talking about new york state. >> yes it is hard to reform education. i know the politics of it. i know the problems. i know the issues. but, can you imagining how smart the state would be when we actually educate all of our children to the best of their god-given potential? when every black child and every white child and every orphan child and every other child is educated to their full potential? i know helping the state economy is hard. i know it has been decade
. there is definitely a lot of momentum the upside. it is a sign that the economy is improving. there is a large speculation that oil demand will improve. a lot of traders do think that we have hired to go here. the rest of the energy market, gasoline futures are spiking as there is word that one of the major east coast refineries. natural gas prices down 4% in today's trading session. guys, we are nearing $100 a barrel, as far as oil prices are concerned. melissa: sandra smith, thank you so much. lori: three-week since boeing 787 had its latest incident. investigator is shifting our focus. we have the latest details just ahead. melissa: the s&p holding their five year high. ♪ the local melissa: it is time to make money with charles payne. charles: i accidentally went to ugg store. we just dumped into the door. what? i could not believe that you know, you do not like to do things on this anecdotal thing. the last time i went to a retail store that crowded with that type of enthusiasm and electricity was back in 2002. steve madden. the place was buzzing. i cracked a few jokes. no one even knew
for that economy that we've been working for, to vote for immigration reform, to vote for common sense gun reforms. you know, i think that we can affect elections but we legally can't be involved in them. >> some critics have raised red flags as the group's designation over a 501 c-4. with me is michael isikoff. the designation of a 501 c-4, what is the benefit to do that? >> this is the new route that advocacy groups use, can accept unlimited corporate donations and not disclose where they come from and use them for all sorts of political ads. now, they've followed -- the obama people have now followed the karl rove model and they're openly pitching corporate donations. the opening pitch was sponsored by a group called business forward. a lot of big companies, dow chemical, duke energy -- >> a lot of tech companies. >> comcast are part owner, nbc was part of it. they say they're going to disclose and that is a step ahead of where karl rove is but what kind of disclosure is the question. when i pressed katie hogan, the spokeswoman for the group, she said that's all being worked out. will we get re
to not be part of that, because it is terrible for the economy and seems to be bad politics. host: white house press secretary jay carney. let's hear purcellville in broken arrow, oklahoma, republican. what is your advice to republicans for the second obama administration? caller: i love c-span and i am so glad that you have this live call-in talk show from individuals all over the world. my question is, to the republicans, i know that you heard in the inaugural speech to the word "to gather." we have to come together. together we stand as we the people. i know and hope that our president of the united states, president obama, is hearing our voices this morning being back in the white house for and other four years. i am a military mom. i want to say this to the republicans. please work with our president of the united states. he is the general in chief for all of us. is gettingely on who more. we can ask. we can write letters. we can twitter and all the settings. but we have to come together. he is the one we voted for. as we let's work together the people. that is my answer to the republican
: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. hey, buddy? oh, hey, flo. you want to see something cool? snapshot, from progressive. my insurance company told me not to talk to people like you. you always do what they tell you? no... try it, and see what your good driving can save you. you don't even have to switch. unless you're scared. i'm not scared, it's... you know we can still see you. no, you can't. pretty sure we can... try snapshot today -- no pressure. >>> good morning. welcome, everybody. our starting point this morning is inauguration day. take a look at the picture of the masses starting to gather on the national mall, here to witness president obama's second public inauguration. our festivities begin at this hour. we're expecting to see the president in roughly 30 minutes or so as he makes his way to mass. john? >> i'm john king. inaugural speeches have been used to set the tone, unite a nation, and to set an example for the rest of the world. we're going to look this morning at the historical significance of today and w
not to be a political football that by becoming that, does damage to our economy. >> without any question, obama's real objective is not just obamacare, but it's to eliminate any political opposition, to just wipe them off the map and the media is now telling them not only will they help, but offering advice how to do it. >> who does that look like to you? >> for the past couple of weeks, this is how we've heard about jodi arias. >> do you know who that is? >> it looks like jodi. >> prosecutors working as hard as they can to send her to death row, but tonight, we hear about jodi in a different way. it happens here, her home for now, the maximum security tower in the jail in phoenix. i was given exclusive access to this units and i met jodi. >> how are you feeling. >> this is jodi's room here, a cell. it's a small room, windows at the top and three burnings and only jodi's's in the middle and her roommate's down here. >> to the a tax threat, and nicolas sarkozy and his wife are thinking escaping france to avoid a huge tax. >> and sarkozy and his wife carla bruney except the tax rate of 75% proposed by h
: that is interesting. the president campaigned keeping the economy going. improving it. spreading the benefits to the middle class. immigration reform and energy reform. then newtown happened and that wasn't part of his agenda for the second term. then newtown happened and by all signs the president was deeply and personally moved. one of the reasons i suspect you can see there just to, standing to the left of them the fatherf two young daughters and the idea of these 20 young schoolchildren having been unabouted down i'm sure hit him very bern p personally. he decided to make that a huge issue in this campaign or rather in his second administration. it will be interesting to see. one of the things people say you don't want to overload the agenda but in addition everything he wants to do and obviously the debt and deficit he will have several battles with congress over that but gun control, he will try to take advantage newtown has happened and perhaps caused a tippingpoint in public attitudes and he will push that very aggressively. shepard: senator chuck schumer, the chairman of joint congr
or economy. the largest beneficiary would be california. we want to see what the cutting edge is. most of a still look for california. -- loomost of us still look to california. what governor brown said about the traditional politics is all about taking the thing in making it fresh. to a certain extent, i tried to be a writer in college. i failed miserably. a professor said everything has been set but not everything has been said superbly. even if it had, everything must be said freshly again and again. you have to see a fresh lead to a certain extent. the real issue with -- in terms of asking the president, what are the things that matter most, a bass part of those profits would be invested in california. colorado would have a significant -- pretty much every state in the country would benefit. you look at the companies based in silicon valley. they have offices, you want to expand your business, think about those young people in colorado. everything -- stated say the same thing. that money would get spent over the country very rapidly. >> thank you. governor brown. >> it is a good id
. also the times are tough. the economy is sluggish. international challenges put a damper on many things. the president has a lot of work to do and a lot of battles ahead with republicans. they expect it could be significantly smaller. instead of 1.8 four years ago. they lowered the crowd estimates. originally 600 to 800,000. yesterday we were infirmed organizers think maybe closer to 500 to 700. only perhaps a quarter of the size of four years ago. of those here no less enthusiasm. bill, martha. bill: history will show you the beginning of second term, sometimes you get 250, 300,000 at the high end. carl, we'll talk to you later this morning. carl cameron on the mall. martha? martha: people who are here are very enthusiastic and excited to be part of this big day. no doubt that means very tight security here in washington as well. there will be extra air and boat patrols around the city along with checkpoints and metal detectors along the parade route. 2000 police officers from 0 states are helping with security. lined up motorcycles behind us on the parade route. more than 6,000 member
be in this order, number one, look at the numbers, number one by far, strengthening the economy. 86% say that's number one for them. number two, improving the job situation, 79% say that's what they want focused on and number three, reducing the budget deficit at 72%, that number on the budget deficit is up 20 points from when president obama started his term in office. so, those are the priorities of the american people. and does president obama have his eye on the ball? joining me now to discuss it heidi harris, the host of the heidi harris show and if you look at the agenda items spelled out in the president's inaugural address because he's talking about gay rights and immigration reform and climate change, heidi, and the american people seem to be talking about something very different. >> they are, and it's interesting how he didn't spend any time at all on the economy, building bridges and roads, that's really not going to improve the economy and that's pretty much all he said about it in his speech. it shows that he's not listening to what the american people want. and doesn't surprise
, for the war to end. host: let's hear the president speaking on the economy, social security, and medicare. caller: we the people -- [video clip] >> many barely make it. we believe that america's prosperity must rest upon the broad shoulders of a rising middle class. we know that america thrives when every person confined independence. on the wages of honest labor, liberating families from the brink of hardship. we are true to our creed, when a little girl born into bleakest poverty has the same chances to succeed as anyone else because she is an american, free and equal, not just in the eyes of god, but in our own eyes. we the people still believe that every citizen deserves a measure of security and dignity. we must make the hard choices to reduce the cost of health care and reduce the size of our deficits. but we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. [applause] we remember the lessons of our past, years spent in poverty, the parents of a child with a disability had
economy, a second term both bold and bumpy. >> progress does not compel us to settle centuries long debates about the role of government for all time, but it does require us to saact in our time. >> reporter: time like history that was fast advancing. joe johns, cnn, washington. >>> that's when the president turned around and said he's not going to see this again. he wanted to take one last look at the crowds. some estimated 800,000 or so. we're not sure of the exact number, who were all there watching, staring back. president obama and the first lady honored reese chbt tradition by crawling out of the limo, strolling down pennsylvania avenue. let's take a look. the crowd before us getting even more excited when they see the first lady and president outside of their limo. waving to the tlung throngs of well wishers lined all along pennsylvania avenue. they followed the footsteps of jimmy carter and rose alyn cart who created the tradition of walking down pennsylvania avenue. they walked the entire way. president obama and the first lady got out of the vehicle twice. now, despite the
for the economy. it is not good for our children. its sad we have to have a gimmick like this. some members are a quite wealthy, there are a few of them, won't care. but a good many members after month or two their spouses will say to them, what are you doing you knucklehead. they have to have a solution. melissa: this is another time the american public looks at it, wow, feels like you put off the work that you need to do. we said we will raise the debt ceiling for a couple months and, you know, there you go. we haven't gotten any of the real work done? >> it was a short-term punt but i think it was pretty shrewd move by the republicans because you can't default on our debt. if interest rates went up even slightly the amount of interest we would have to pay on our $16 trillion debt would be enormous. you can't do that. it would be shooting ourself in the foot. they tried closing down the government back in the 1990s. that didn't didn't work too well. they're focusing on what is called the sequester, which are across the board spending reductions. that's where i think they will make their s
month. visit choosenissan.com. road and track called sentra an economy car minus the look and feel of an economy car. wonder how civic and corolla look and feel about that. the all-new nissan sentra, with best-in-class mpg. lease for $169 per month. visit choosenissan.com. >>> initial estimates say the crowd at yesterday's inaugural was at least 1 million people. that's down from the 1.8 million who came out to see president obama sworn in the first time, but even so, a turnout of a million people put's obama's second inaugural at one of the biggest ever. look at that crowd. it's almost double who turned out to see george w.'s second inaugural and tops the 800,000 who saw bill clinton sworn in. before obama the previous crowd estimate record was 1.2 million who came out for lbj, lyndon johnson's inaugural back in '65. we'll be right back. in america today we're running out of a vital resource we need to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them
to do. but he needs to get to work. and the number one problem is the economy. he's got to fix the economy. the fiscal situation has been fixed, to a large extent. the stock market's doubled. that's pretty good. but he has to get everybody working again. it means fix the economy. it means fix the education. so we're bringing kids along that have the skills for 21st century america. his focus has to be on the economy. on the need to reduce unemployment. and frankly, i hope he can, through his own example, restore a sense of civility in the country. >> every president learns a lot. is scarred by the office. also made more wise by the office. what is the one thing you hope president obama has learned over the last four years? >> i hope he's learned that you know, no one part of the government, really, gets it all done. and so, he's got to do a better job of reaching out to members of congress, across both -- across the aisle, to the republicans. and the republicans have to stop buying into things that demonize the president. why aren't republican leaders shouting out about all thi
, but from outside it. from a surging economy of the east and the south. a growing world economy benefits us all. we should be in no doubt that a new global rates of nations is underway today. a race for the wealth and for the jobs of the future. .. and the industrial revolution to nonfans to write european history in europe has helped to radars. has made a contribution to europe. we have provided a haven to those fleeing tyranny in persecution. we keep the flame of liberty alive. across the continent, and silent cemeteries played hundreds of thousands of british servicemen who gave their lives for europe's freedom we paid our parts for the iron curtain and champ named into the e.u. of those countries that lost so many figures to communists. contained in this history is a crucial point about britain, our natural character, our attitude to europe. britain is characterized, but above all by his openness. we've always been a country that reaches out that leads the charge in the fight for free trade and against protectionism. as today as it's always been. independent, yes, but open to. i never w
economy. incredibly hosni mubarak was ousted from power. however, at this point many egyptians not happy. the people behind us are not celebrating, they're protesting. >> i understand you spoke to a number of protesters. what is the issue here? what is the problem with the new leadership? why are they out on the streets? why are they upset? >> reporter: the opposition, the protesters have many issues. maybe that's one of their obstacles. not finding one issue to unite over. they're concerned because they say they've been pushed out of the political process. they're concerned about their rights. here's what that protester had to tell us. >> everybody is protesting. what did we get since two years? nothing. nothing achieved. >> reporter: the president says be patient. this is part of the process. >> we need a sign. look at the constitution. look at the constitution. is this a constitution for all egyptians? >> reporter: he said people voted on it. >> how many voted? 15 million or 52 million? 10 million said yes and can this be possible? >> reporter: do you trust the president? >> no. >> re
economy stalls. we will have to convince the country to change course. we had to reform entitlements. we had to revisit the healthcare law. clearly president obama does not want us to get that chance. he want his last two years to look just like his first two years of his presidency. it was to perpetuate progressive government for at least a generation. why? he thinks it is the right and to do. to do that, he needs to delegitimize the republican party and house republicans, in particular. he will try to divide us. he will try to get us to fight with each other, question each other so we do not challenge him. if we play into his hands, we will betray the voters who supported us in the country that we serve. we cannot let that happen. we need to be smart. we need to show prudence. what do i mean when i say that? prudence is good judgment in the art of governing. abraham lincoln called it one of the cardinal virtues. it is our greatest obligation as public servants. we have to fund the good in every situation and choose the best means to achieve it. -- find the good in every situation and c
descending on the tiny ski town off davos, switzerland for the world economic forum. the economy will be front and center as the group's founder has warned the world has not yet escaped the risk of economic collapse? do we ever. we have davos covered all week long. you will not want to miss a minute with liz claman. she sits down with richard gelfond, imac ceo. that is right here on fox business. she has a slew of guests. all the all-stars. lori: want to take a trip to a warmer climate? southwest airlines announcing well, it might cost you a little more especially if you want to board early. a $40 fee guaranties passengers get to be one of the first 15 people in line to board. travelers who want to be first on the plane can purchase the option at the gate up to 45 minutes before boarding. but space is limited. only 15 of these early passes will be sold. southwest, the nation's most popular domestic airline already charges $10 for early bird check-in service but early bird service improves your spot in the boarding queue. doesn't guaranty a specific spot like the fee will and grab
" live from the dubliner coming up. >>> the state of our economy calls for action bold and swift, and we will act, not only to create new jobs but to lay a new foundation for growth. we'll build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. we'll restore science to its rightful place and wield technology's wonders to raise health care's use and lower its cost. >> here we are four years later. why not come back to the dubliner? all you did too. my, lord. the line goes around the block. a wonderful, joyful crowd. thank you all for coming. joining us now with the politico playbook, the politico executive director jim. >> i'm always a dose of sunshine in the morning. you guys were talking about ted cruz and his comments on gun control. i think what people need to realize, ted cruz is a mainstream republican with this senate and this house. his views, he's not on the conserveative edge of the party. that is the party. when you think about the budget, think about gun control -- >> saying the president exploited
and the overall shape and direction of the economy. could you speak to that? >> i for started talking about it two years ago. -- i first started talking about it two years ago. i started talking about what was possible with oil. i was a lone wolf in the woods at the time. since then, the bandwagon has loaded up. a lot of other people are saying, yes, it could happen, and it to be very important for america. particularly as it translates from energy to the general economy. there are more pillars' out there, housing, manufacturing -- they depend on recovery. the one that does not is energy, because the international demand is already there. it has been created by china, india. all around the world. the weakened cash in on that. would not have to wait on it. -- we can cash in on that. we do not have to wait on it. we need to keep doing what we're doing. it is going to mean a tremendous amount of jobs. we have seen that all through the midwest. north dakota is certainly a huge example of it. they say now there is to% and unemployed -- 2% unemployed there. we cannot find those folks. [laughter] we're s
nonpartisan testimony that when the debt is this large in comparison to the economy, it costs the country the equivalent of about one million jobs. think about that. if washington got its debt and spending under control, one million more americans will be working today. and if that wasn't sobering enough, fitch ratings recently warned that the failure to come up with a plan for reducing our debt would likely still result in a downgrade of the u.s. credit rating. a lower credit rating is sure to mean higher interest rate. that meansigher credit card rates, higher student loans, certainly higher mortgage payments. despite these warnings, the democrat-controlled senate hasn'troduced a budget in 1,300 days, four years without a budget. how can we begin to get our debt under control when democrats won't even produce a budget this bill is the first step in forcing democrats to put forward a budget so we can start holding washington accountable for its out of control spending. every day, american families have to make decisions abtheir household finances. they have to adjust their spending to co
to the reconstruction of the south economic he and the revitalization of the content economy, which all of america relied on. the industrialization of many parts of the south. all of these things continued into the 20th century up to the dawn of world war ii. we do not know how many african americans found themselves back in a world of being bought and sold, but there is more evidence about this existing than many historians realize are wanted to confront. hundreds of thousands of people were bought and sold. thousands and thousands of african-american men and some african-american women died under horrifying circumstances. this was a system that relied on fatality and starvation and intimidation and a more fertile kind of involuntary servitude than what preceded it. it became a weapon of terror and intimidation to force african- americans from exercising their civil rights and intimidating them into compliance with the other kinds of explicative liver that we know more about. the repercussions of all of that are still with us. the legacy of that economically and educationally is very much somethi
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